1 week Ago By ABMN Staff
Anchor Capital Advisors LLC boosted its position in PJT Partners Inc. ( NYSE:PJT – Free Report ) by 7.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 16,688 shares of the financial services provider’s stock after purchasing an additional 1,122 shares during the quarter. Anchor Capital Advisors LLC owned about 0.07% of PJT Partners worth $1,801,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its holdings in PJT Partners by 6,245.9% in the 4th quarter.
International Assets Investment Management LLC now owns 7,742 shares of the financial services provider’s stock valued at $789,000 after buying an additional 7,620 shares in the last quarter. Amalgamated Bank grew its holdings in PJT Partners by 167.3% in the 4th quarter.
Amalgamated Bank now owns 9,822 shares of the financial services provider’s stock valued at $1,001,000 after buying an additional 6,148 shares in the last quarter. M&T Bank Corp purchased a new stake in PJT Partners in the 4th quarter valued at $217,000. Private Advisor Group LLC purchased a new stake in PJT Partners in the 4th quarter valued at $232,000.
Finally, Charles Schwab Investment Management Inc. grew its holdings in PJT Partners by 7.5% in the 4th quarter.
Charles Schwab Investment Management Inc. now owns 223,134 shares of the financial services provider’s stock valued at $22,731,000 after buying an additional 15,491 shares in the last quarter. 89.
23% of the stock is owned by institutional investors and hedge funds. PJT Partners Price Performance Shares of PJT Partners stock opened at $116.53 on Monday.
The business has a 50-day moving average of $119.71 and a 200 day moving average of $106.93.
PJT Partners Inc. has a 12 month low of $71.47 and a 12 month high of $136.
90. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 32.
10 and a beta of 0.61. PJT Partners Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 18th.
Investors of record on Wednesday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.
00 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Wednesday, September 4th.
PJT Partners’s dividend payout ratio (DPR) is 27.55%. Analyst Upgrades and Downgrades A number of equities analysts have recently weighed in on the company.
UBS Group increased their price target on PJT Partners from $85.00 to $93.00 and gave the stock a “sell” rating in a report on Tuesday, July 9th.
JMP Securities increased their price target on PJT Partners from $120.00 to $142.00 and gave the stock a “market outperform” rating in a report on Wednesday, July 31st.
Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $128.00 price target (up from $108.00) on shares of PJT Partners in a report on Wednesday, July 31st.
Finally, The Goldman Sachs Group increased their price target on PJT Partners from $115.00 to $132.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st.
Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $116.80.
Check Out Our Latest Research Report on PJT Partners Insider Activity at PJT Partners In related news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.85, for a total transaction of $1,188,500.
00. Following the completion of the transaction, the insider now directly owns 61,433 shares in the company, valued at approximately $7,301,312.05.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . In related news, insider Ji-Yeun Lee sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $118.
85, for a total transaction of $1,188,500.00. Following the completion of the transaction, the insider now directly owns 61,433 shares in the company, valued at approximately $7,301,312.
05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, Director Emily K.
Rafferty sold 1,696 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $130.79, for a total value of $221,819.
84. Following the completion of the sale, the director now directly owns 7,404 shares in the company, valued at approximately $968,369.16.
The disclosure for this sale can be found here . Insiders sold 25,297 shares of company stock worth $3,092,668 in the last three months. 10.
67% of the stock is owned by company insiders. PJT Partners Profile ( Free Report ) PJT Partners Inc, an investment bank, provides various strategic and capital markets advisory, restructuring and special situations, and shareholder advisory services to corporations, financial sponsors, institutional investors, and governments worldwide. It offers advisory services to clients on various transactions, including mergers and acquisitions (M&A), spin-offs, activism defense, contested M&A, joint ventures, minority investments, and divestitures.
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